Ethereum Market Trend Analysis 20250521

The daily chart still shows a doji candlestick pattern, with trading volume down by one-third compared to the previous day, maintaining a volatile trend. If Bitcoin does not lead the way, Ethereum will continue to exhibit this oscillating situation.

In the short term, the daily level trend will definitely still synchronize with Bitcoin. The high-level consolidation is considered relatively strong, but attention is still needed. After Bitcoin rises, it may drop, dragging Ethereum down for a retracement. The retracement levels at the daily level remain the two blue lines (2320 and 2130).

The hourly level fluctuations are also quite large, appearing chaotic, but are actually following a 12-hour rebound, with a drop retracing to the 6-hour MEA52 line and 12-hour MA30 line, showing a rebound trend within 5-15 minutes.

Short-term pressure remains around 2750. If it breaks above, it can continue to challenge $3000.

2250 is the midpoint of the two blue lines, also the 12-hour EMA52 line, and the daily MA120 line position, so the support here is relatively strong, making it a good entry point.

Ethereum is also on an upward trend at the weekly level, so it has not ended yet; any drop retracement presents an opportunity to enter.

Daily level resistance levels are 2750-2860-3065-3260, and support levels are 2320-2250-2160-2000.